Tom Lee points to South Korean stocks dragging down crypto
- Margin calls and forced liquidations have already hit South Korean brokerages, and the stock market’s sharp decline is spilling over into crypto
- South Korean investors are a major holder group for crypto assets; Tom Lee characterizes this as short-term pain
$ETH and $BTC are likely to come under pressure in the short term, with altcoins seeing even wilder swings. Are you buying the dip or sitting this one out?
$BTC
- Margin calls and forced liquidations have already hit South Korean brokerages, and the stock market’s sharp decline is spilling over into crypto
- South Korean investors are a major holder group for crypto assets; Tom Lee characterizes this as short-term pain
$ETH and $BTC are likely to come under pressure in the short term, with altcoins seeing even wilder swings. Are you buying the dip or sitting this one out?
$BTC